Macquarie targeted over rogue trader
A Macquarie Group subsidiary is being sued for alleged market manipulation of the shares in the defunct Bill Express following…
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Qatar National Bank Q1 net profit up 17.4 pct
QNB Group has announced its financial results for the three months ended 31 March 2012. The group recorded a net…
Bank Al Etihad selects CR2's BankWorld
CR2 has announced that Bank Al Etihad in Jordan has strengthened its channel offering by adopting BankWorld, CR2's latest generation…
Dubai International Capital strikes US$2.5bn debt deal
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has sealed a deal with creditors to restructure around…
HSBC expects big business on Gulf bonds
HSBC Holdings, the Gulf’s top bond underwriter so far this year, has “multiple dozens” of debt-sale mandates as borrowers take…
Burgan Bank nears ‘deal’ to buy EFG Turkish stake
Kuwait’s Burgan Bank is close to a deal to buy EFG Eurobank’s 70-percent stake in Eurobank Tekfen, three banking sources…
IDB, Albaraka, Qatar to launch $1 bln Islamic bank
The Saudi-based Islamic Development Bank (IDB), Saudi lender Dallah Albaraka Group and Qatar have signed an agreement to launch an…
EIIB launches sukuk fund
European Islamic Investment Bank (EIIB) plans to significantly expand the asset management business of Rasmala Investment Bank, said a press…
UAE banks increase profits by 24%
The banking industry in the UAE experienced an impressive 24 per cent increase in profits in 2011, exceeding profit levels…
Banks vie for role in Abu Dhabi property merger
Global banks, including the likes of Goldman Sachs and JP Morgan Chase, are jostling to win the advisory mandate for…
StanChart offers multi-use account for NRIs
Standard Chartered recently launched the NRI 3-in-1 Account, a complete investment solution for non-resident Indians (NRIs) to access Indian investment…
Islamic finance makes its mark in banking
Islamic finance industry is making mark in the world and it is a good sign as it presents an opportunity…